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Reply to @scott: I think you hit it with the reference to 2008, Scott: fear of another 2008. As in, Greece/Euro:2011 = Lehman/CMBS: 2008. Hard to believe, Greece being unique in the euro-zone and so small a part of the continent's economy as a whole…
Reply to @CathyG: Cathy, I think you have to use an open-end fund to get the MA lines on the chart feature. So try, e.g., Vfinx, the Vang. S&P 500 index oef.
The features are different if you start with an etf; no idea why, just that inscrutab…
Hi Cathy,
I set up a simple portfolio at Yahoo; the Y. quotes are at least accurate for price/nav, and etf's are refreshed in a timely way, but it doesn't have all the functionality, e.g., return data for multiple time periods. I like that feature …
Local currency EM bond funds have been getting hammered the last couple of weeks with the flight-to-safety trade into the $. I'm out of them (had ELD and ALD) and going all but 100% of my EM bond allocation with Luz Padilla at Dlenx (DoubleLine, for…
Reply to @BobC: See this Bloomberg article:
http://www.bloomberg.com/news/2011-08-31/tcw-rests-case-in-trade-secrets-fees-lawsuit-trial-with-jeffreyy-gundlach.html
Gundlach et al. hired Oaktree Capital Management to do the setup work for DBL, in …
I've followed Pimco Income for a while (and held it for several months starting Q4 2010), and, as Catch says above, it acts like a de facto mortgage fund that dabbles in other bond sectors where the manager sees value. Over the past few months, it's…
Reply to @Kenster1_GlobalValue: I expected it to start piling up the assets when Artkx closed, and it has picked up a bit if I recall past AUM right, but not nearly as much as I thought. Maybe the E.R. scares off potential investors? It would be mo…
The classic MA pivot points as usually described are the 50-day ma crossing below the 200-day ma ("death cross") and the 50 crossing above the 200 ("golden cross"). It's easy to see where those have happened in the past with your favorite funds on t…
Kenster - thanks, yep, know those figures well, but I slightly prefer the straight-ahead, non-short, non-leveraged approach of Paaix, realizing it works best as a semi-safe holding in a generally appreciating environment ... appears to me be a littl…
Scott - thanks, I was thinking it'd be built more or less like Pgaix; no detailed info yet, but that seems like a good bet since the Pimco-ites don't stray far off the reservation. Good point about the Pgaix-like tail risk hedge, which may be why it…
EDIV is another EM dividend-stock ETF to check out. It's only ~ 4 months old, so DEM is still the veteran in the space, with a long enough record now to judge at least the fund if not the strategy. EDIV doesn't have much volume yet, but assets have …
Yeah, Catch, I wonder what the figures are now for individual U.S. stocks vs. mutual funds. Are there 3x, 4x, ?? as many funds as stocks? I well remember the shock and awe when I first heard there were more funds than stocks.
If we each had a green Ben Franklin for each EM balanced and EM local debt fund that has come out or that is coming out this year, we could have quite a party.
I've been watching each month, when Pimco releases fund portfolio data, for detailed inf…
The Swiss franc ETF FXF has just been unbelievable. Up 15.6% 1 month, 28.7% year to date, and 44.5% 1 year. No wonder the Swiss are complaining.
Haven't priced a Swiss Army knife in dollars lately, but maybe it's time to stock up. I know I won't be…
Hi Mike, point is he's quit making meaningful allocations to the non-Treasury, non-cash-equivalent holdings.
I don't know about stockcharts - I remember someone saying they're charted on price alone. Try M*, which is where I got the info for my co…
Not to rain too hard on Mr. Hussman's parade today, but since he's let Hstrx become almost entirely a short-intermediate Treasury fund, with just a tiny smattering of his "allocation" allowables, it's now behind the simplest of intermediate T-funds,…
Here's an explanation why there may be less fear of a downgrade than's been portrayed in the media:
http://www.nytimes.com/2011/07/31/business/economy/taking-a-closer-look-at-a-downgrades-effects.html?pagewanted=1&_r=1&hp
The article says …
10Y Treasuries' yield dropped by 14 basis points - huge! - yesterday. Apparently fear of a double dip (causing, like C-22 says, the traditional 'flight to safety") is outweighing fear of rising T yields with a possible downgrade or default.
Catch, fyi, here's the original, pretty dated by now, article with the titillating "King of Bonds" headline. There's performance info included in narrative form:
http://online.barrons.com/article/SB50001424052970204442204576144662301971254.html#art…
M&N funds (and the company as a whole) have been run for years by a very large management team of partners. It's not a family boutique, like say Yachtman, and it's actually pretty big already considering that their core business historically has…
Accipiter, I'm signed up for electronic subscription to reports, prospectuses, statements and confirmations, and receive no marketing e-mail. As I recall, you can pick the statement etc. choices and uncheck all the other boxes at the bottom of the p…
To follow up on MikeM2's point, all TRP's funds except m-mkts have a trading limit of one round trip every 90 days, and you have to keep up with the buy-sell dates and the rolling 90-day periods yourself, as the online account features don't include…
Buys: a little more Arivx, Exitx, Mapix, Msmlx, and a consumer staples ETF. More nibbling than anything else ...
Repositioning : moved some out of Pimco's hands and added to DoubleLine (EM and Total) and TCW (Core).
Very short term: bought back i…
Mo, I was referring to rule-based investing that uses something other than cap size for selection and weighting. In the case of Ediv and Dem, the variable is dividends. Maybe someday there'll be truly fundamental options (price:cash flow, price: boo…
Appears to me you've got the basic info right. I can't believe they've lowered admiral levels and made various other consumer friendly moves lately and still kept those purchase and redemption fees.
Only thing I'd add is that before you buy Vangua…
Cathy, not knowing what else you have in the portfolio you could sell to dial down risk, it's hard to say. I consider Mapix & Macsx (now closed) long-term holds, though I took some profits in Mapix a couple of months ago - about 20% of the earli…
I wonder how the $3.4 billion was spread across the funds (and separate accounts?). It wouldn't represent a very big part of the Pimco portfolio overall. I'd have to bet all the big funds and firms have stories like this.
Whatever the case, your l…
Right, hi-yield and converts. That's evident from the style map on the portfolio page; on the quote page, M* doesn't differentiate between inv. grade & hi yield corporates.
To get right to it, yes (apparently) and yes (IMHO).
Uno - The figures for Ostix's 3-year variation in assets on the M* quote page show that in that time, it's been all corporate and convertible.
Dos - I think all of the Gross iterations fall int…
